Northwire Canada EditionWednesday, July 15, 2026
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SGQ 0.400 +5.3% GMX 1.87 −1.6% ALM 0.310 +0.0% WCU 0.010 +0.0% NTH 0.155 −6.1% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.73 −4.7% IVN 10.48 −2.8% MASS 0.090 +0.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.278 −4.3% ODV 3.36 −0.3% SGQ 0.400 +5.3% GMX 1.87 −1.6% ALM 0.310 +0.0% WCU 0.010 +0.0% NTH 0.155 −6.1% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.73 −4.7% IVN 10.48 −2.8% MASS 0.090 +0.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.278 −4.3% ODV 3.36 −0.3%
Drill Results

Red Canyon Outlines Drill Plans for Its 100% Owned Osiris Copper-Gold Project

By The Northwire Desk — AI Analysis Jan 26, 2026 · 06:30 REDC · 0.2 Red Canyon Resources Ltd.
REDC · Price

Executive Summary

  • Red Canyon Resources outlines a 2,500 m diamond drill program and up to 1,500 m RC drilling at the Osiris “Camp” target in early 2026.
  • Historic drill hole 91‑2 returned 0.18% Cu over 127.4 m with anomalous Au, supporting the view that the Camp target is peripheral to a larger copper‑gold porphyry system.
  • The company also details option agreements to acquire additional mineral claims at Osiris and Acheron for $48,000 (with NSR royalties) and highlights ongoing work on other projects (Kendal, Scraper Springs, Acheron).

Key Details

  • Drill Program: 2,500 m diamond drilling of priority targets at Camp; up to 1,500 m reverse‑circulation (RC) drilling of never‑tested under‑cover targets.
  • Historic Intercept: Hole 91‑2 – 0.18% Cu plus anomalous Au over 127.4 m starting at 25.3 m depth.
  • Geophysical Work Completed: New airborne magnetics, radiometrics, magnetic vector inversion (MVI) modeling, four‑acid geochemistry of historic core, selective IP and EM surveys.
  • Target Zones Identified: Camp, Twin Peaks, Nautilus, Rhino – all defined by magnetic anomalies, soil/till Cu‑Mo anomalies, and modeled shallow pipe‑like intrusions (depths 50–130 m).
  • Option Agreements: Right to earn 100% of two additional mineral claims at Osiris and two at Acheron for $48,000 payable over three years; each claim carries a 1.25% NSR royalty purchasable for $2 M.
  • Other Projects Mentioned: Kendal (west‑central BC), Scraper Springs (Nevada) – drill ready with multiple copper‑gold targets.
  • Permitting: Mines Act permit obtained for exploration at Osiris.
  • CEO Quote: Wendell Zerb emphasizes the high priority of Inzana, the refined target model, and confidence that historic intercepts could be peripheral to economic grades.

Notable Quotes

“We’re excited to drill test the Camp target based on our new exploration perspectives… including a drill intercept of 127.4 metres grading 0.18% Cu.” – Wendell Zerb, Chairman & CEO

Materiality Assessment: Non‑Material – Positive (forward‑looking operational update without immediate financial impact).

Read the original news release →

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Drill Results